NNN Options History — April 2022

In April 2022, NNN traded between $44.09 and $48.38. ATM implied volatility averaged 22.5%, placing in the 15.4% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded above realized volatility by 3.3% (HV 20d: 19.2%). Max pain ranged from $45.00 to $45.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 2.73.

Notable Days

  • 2022-04-08: Highest Volume — 1,017 contracts
  • 2022-04-25: Largest IV spike — 86.1% change
  • 2022-04-25: Highest IV Rank — 36.7%
  • 2022-04-25: Largest Expected Move — 10.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.18$44.09$48.38$45.57$44.09
Max Pain$45.00$45.00$45.00$45.00$45.00
ATM IV22.5%16.2%37.1%18.6%25.9%
Expected Move5.9%4.2%10.6%4.2%7.4%
HV 20d19.2%16.3%22.5%22.5%21.5%
HV 60d21.1%19.8%22.0%21.8%22.0%
IV Rank15.4%6.2%36.7%9.7%20.4%
IV Percentile52.1%6.3%98.4%17.5%85.7%
Term Structure-0.8%-18.2%6.3%-5.7%-18.2%
VWIV20.9%14.1%30.8%14.1%22.2%
Skew 25d14.5%-5.7%81.4%81.4%-5.7%
Skew 10d33.8%-3.5%192.9%192.9%-0.0%
Call IV 25d16.4%10.5%35.3%16.2%35.3%
Put IV 25d30.9%18.5%97.6%97.6%29.6%
Bid-Ask Spread %92.9681.66109.8692.7886.60
Gamma HHI0.370.310.490.460.32
Net GEX249.1K144.8K390.1K295.6K144.8K
Net DEX-3.7M-6.0M-1.3M-3.5M-1.3M
Net VEX-29.1K-33.3K-22.5K-22.5K-31.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.730.1521.001.211.23
Total Volume329.55951,017148207
Total OI5,179.454,5465,5434,5465,517

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-04-01$45.57$45.0018.6%4.2%22.5%9.7%14.1%81.4%-5.7%295.6K-3.5M-22.5K1.2192.78N/AN/A67812,5422,004
2022-04-04$45.35$45.0020.1%5.7%20.8%11.8%20.8%2.7%-0.2%276.7K-3.1M-23.0K1.4594.90N/AN/A741072,5482,005
2022-04-05$45.49$45.0017.5%5.6%20.7%8.1%19.8%9.5%0.8%286.7K-3.4M-24.2K1.3395.39N/AN/A761012,5462,030
2022-04-06$45.88$45.0025.8%5.6%20.1%20.1%19.8%10.2%0.2%311.7K-3.8M-24.6K0.79102.81N/AN/A107852,5532,036
2022-04-07$45.78$45.0021.1%4.3%20.1%13.3%18.1%9.0%3.2%390.1K-4.2M-24.1K21.00101.33N/AN/A439032,6252,038
2022-04-08$45.93$45.0022.4%4.8%19.9%15.3%21.1%9.7%4.7%265.6K-3.5M-30.9K8.42109.86N/AN/A1089092,6202,705
2022-04-11$45.72$45.0026.2%4.3%18.3%20.7%15.0%56.9%6.1%360.2K-3.4M-31.8K12.5399.06N/AN/A749272,6772,713
2022-04-12$45.62$45.0025.7%6.3%18.3%20.0%22.4%12.5%-0.1%314.9K-3.2M-32.0K1.0894.48N/AN/A971052,6882,709
2022-04-13$46.06$45.0019.2%5.5%18.0%10.5%19.9%10.1%1.0%219.3K-3.7M-31.8K1.1387.09N/AN/A77872,6952,741
2022-04-14$46.55$45.0017.8%5.1%18.0%8.6%18.9%8.0%0.7%166.9K-5.2M-27.6K0.76103.36N/AN/A112852,7562,749
2022-04-18$46.69$45.0022.2%6.4%17.9%14.9%21.0%11.7%-0.1%170.7K-3.6M-30.3K0.1589.36N/AN/A308462,4972,549
2022-04-19$47.64$45.0018.7%5.4%17.9%9.9%18.7%5.5%0.6%202.5K-4.2M-28.7K0.1797.01N/AN/A298512,4062,559
2022-04-20$48.38$45.0016.2%4.7%17.8%6.2%17.0%6.6%1.9%299.2K-6.0M-27.7K0.1586.17N/AN/A319492,7262,555
2022-04-21$48.10$45.0021.6%6.2%17.5%14.0%19.6%7.1%1.9%296.7K-5.7M-29.1K0.3182.04N/AN/A163512,8132,559
2022-04-22$47.08$45.0020.0%5.7%19.9%11.7%22.8%4.7%6.3%260.4K-4.4M-31.3K0.4684.83N/AN/A140642,8622,559
2022-04-25$46.44$45.0037.1%10.6%20.2%36.7%30.8%25.1%-15.7%187.0K-3.6M-31.9K0.91100.61N/AN/A1201092,8612,581
2022-04-26$45.75$45.0020.1%5.8%21.1%11.9%22.8%3.7%4.0%192.3K-2.9M-32.2K0.6082.36N/AN/A114682,8932,630
2022-04-27$45.56$45.0026.3%7.5%16.7%20.9%26.9%11.7%-4.2%158.8K-2.3M-33.2K0.2581.66N/AN/A76192,8942,649
2022-04-28$45.85$45.0027.0%7.7%16.3%22.0%26.7%8.8%-2.5%181.7K-3.0M-33.3K0.6987.63N/AN/A97672,8542,645
2022-04-29$44.09$45.0025.9%7.4%21.5%20.4%22.2%-5.7%-18.2%144.8K-1.3M-31.5K1.2386.60N/AN/A931142,8732,644